British Airways Pensions Investment Management Ltd adds Kraft Heinz Co (KHC) to its portfolio

Kraft Heinz Co (KHC) : British Airways Pensions Investment Management Ltd added new position in Kraft Heinz Co during the most recent quarter end. The investment management firm now holds 283,250 shares of Kraft Heinz Co which is valued at $24,254,698 , the company said in a statement filed on Jul 26, 2016 with the SEC.Kraft Heinz Co makes up approximately 0.71% of British Airways Pensions Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in KHC in the latest quarter, The investment management firm added 6,202 additional shares and now holds a total of 372,533 shares of Kraft Heinz Co which is valued at $31,900,001. Kraft Heinz Co makes up approx 0.14% of Strs Ohio’s portfolio.Pitcairn Co boosted its stake in KHC in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 5,524 shares of Kraft Heinz Co which is valued at $473,020. Kraft Heinz Co makes up approx 0.06% of Pitcairn Co’s portfolio.Capital City Trust Cofl boosted its stake in KHC in the latest quarter, The investment management firm added 251 additional shares and now holds a total of 3,562 shares of Kraft Heinz Co which is valued at $314,026. Kraft Heinz Co makes up approx 0.12% of Capital City Trust Cofl’s portfolio.Eqis Capital Management reduced its stake in KHC by selling 3,443 shares or 34.94% in the most recent quarter. The Hedge Fund company now holds 6,410 shares of KHC which is valued at $571,131. Kraft Heinz Co makes up approx 0.04% of Eqis Capital Management’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in KHC in the latest quarter, The investment management firm added 11,053 additional shares and now holds a total of 67,114 shares of Kraft Heinz Co which is valued at $5,974,488. Kraft Heinz Co makes up approx 1.10% of Franklin Street Advisors Inc Nc’s portfolio.

Kraft Heinz Co opened for trading at $86.23 and hit $86.63 on the upside on Friday, eventually ending the session at $86.39, with a gain of 0.50% or 0.43 points. The heightened volatility saw the trading volume jump to 17,78,876 shares. Company has a market cap of $105,046 M.

On the company’s financial health, Kraft Heinz Co reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.61. The company had revenue of $6570.00 million for the quarter, compared to analysts expectations of $6463.10 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Kraft Heinz Co. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 90 from a previous price target of $85 .Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $88 .Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 92 from a previous price target of $87 .

The Kraft Heinz Company formerly H.J. Heinz Holding Corporation is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Company’s brands include Kraft Heinz ABC Capri Sun Classico Jell-O Kool-Aid Lunchables Maxwell House Ore-Ida Oscar Mayer Philadelphia Planters Plasmon Quero Weight Watchers Smart Ones and Velveeta.

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